Lagos State accounted for over 99 per cent of all capital inflow into the country in the second quarter of 2015.

This was revealed in the investment data provided by the National Bureau of Statistics, NBS, on Monday,September 7.

Inflows to the state stood at $2.663 billion, representing 99.90 per cent of the total $2.666 billion recorded for the whole country in the period.

Capital importation to the state grew on a quarterly basis by more than the overall total at $17.78 million or 0.67 per cent in Q2.

However, year-on-year, inflows dropped $3.044 billion or 53.33 per cent relative to the overall decline in capital imported.

According to the NBS, every other state with positive capital importation in the previous quarter recorded a plunge in the quarter under review.

It said the greatest quarterly decline was witnessed in Akwa Ibom, which recorded $0.50 million in Q2, representing a $10.96 million or 95.68 per cent decline compared to $11.45 million in Q1. Year-on-year, inflows to the state declined by 24.99 per cent or $164.94 million.

The Federal Capital Territory (FCT), Abuja also saw a decline in capital imports in the period in review at $1.27 million, down by $0.22 million or 14.66 per cent from the preceding quarter and as much as $2.71 million or 68.12 per cent year-on-year.